standstill agreement


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Related to standstill agreement: Targeted repurchase

standstill agreement

n
(Economics) an agreement that preserves the status quo, esp one between two countries when one country cannot pay its debts to the other that a certain fixed extension of time will be given to repay the debts
References in periodicals archive ?
Until September 15, 2012, The standstill agreement with MMB's lenders remains in effect
NYSE: MLI) today announced that it entered into a Standstill Agreement with Leucadia National Corporation (NYSE: LUK) whereby (i) Leucadia agreed to own no more than 27.
Summary: DUBAI - Damas International Ltd, a Dubai-based leading jewellery retailer, extended a standstill agreement with its creditors to November 30 from September 30.
Dubai's Damas may face "significant uncertainty" to operate its business if the jeweller is unable to execute its restructuring plan or extend a debt standstill agreement, the company's auditors said in a report on Monday.
Greek mobile operator Wind Hellas Group said on Wednesday enough senior creditors had approved its debt standstill agreement to put it into effect.
The Bahraini unit of Kuwait's Investment Dar, which is in the midst of a debt restructuring, said it had extended its standstill agreement to March 31, next year.
As such; the new date by when TID's banks and investors can accede to the Standstill Agreement is 12 November.
A statement said: "The consenting banks and investors will, for the duration of the standstill agreement, suspend individual claims relating to investment arrangements.
The Investment Dar (TID) has entered into a standstill agreement with the members of the coordinating committee of TID's banks and investors and investor clients of The Investment Dar Bank.
In the light of the standstill agreement, and as noted in its last trading
THE future of Leeds United remained uncertain today after the club's creditors refused to sanction a further extension to the standstill agreement.
NYSE: XCO) today announced that the Special Committee and the Company have entered into a new, extended standstill agreement with WL Ross & Co.